Mutual Advisors LLC Invests $247,000 in SAP SE (NYSE:SAP)

Mutual Advisors LLC purchased a new stake in SAP SE (NYSE:SAP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 889 shares of the software maker's stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after acquiring an additional 1,302,061 shares during the period. TD Asset Management Inc. raised its stake in shares of SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Northern Trust Corp raised its stake in shares of SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after purchasing an additional 701,880 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of SAP during the 4th quarter worth about $163,630,000.

SAP Trading Down 1.8%

Shares of SAP stock traded down $5.57 on Thursday, reaching $306.36. 1,368,918 shares of the stock were exchanged, compared to its average volume of 1,088,938. The stock has a market cap of $376.37 billion, a PE ratio of 58.69, a P/E/G ratio of 4.38 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $314.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day moving average price of $298.74 and a 200 day moving average price of $278.56.

SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Equities research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAP shares. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. Wells Fargo & Company assumed coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating on the stock. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, Barclays reissued an "overweight" rating and issued a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $271.83.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.